Senate list out beneficiaries of fuel subsidy

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The senate house of Nigeria yesterday list out of the rich man and women who are the beneficiaries of the fuel subsidy,why the topping list are Wale Tinubu's Oando and Sayyu Dantata's MRS Oil, Chairman of the committee, Senator Magnus Abe says that  companies in this list, are not even construction companies that have nothing to do with oil. He further observed that the companies were too many and put the credibility of their participatory process in question.He however differed from the figures – N1.426 trillion submitted by the Nigerian National Petroleum Corporation (NNPC) as subsidies on the products as at August 2011, arguing that the actual figure was N1.348 trillion.

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